Central Bank of India RTGS Form | Download & Updated Guide

Key Takeaways
 

1. The Central Bank of India RTGS form allows customers to make secure, high-value fund transfers both online and offline with ease.
    
2. RTGS transactions can be done 24×7 online, while branch transactions follow specific banking hours on working days.
    
3. The bank encourages digital transactions by offering low or zero charges for online NEFT and RTGS transfers.

Bonus Point: RBI has suggested adding a name check feature in RTGS and NEFT systems. It will help people confirm the beneficiary’s name before sending money, reducing mistakes and wrong transfers to incorrect accounts.

 Sending a large payment can feel stressful, especially when you need it to reach instantly and safely. The Central Bank of India RTGS form makes this process simple, clear, and smooth for anyone handling high-value transfers.

The Central Bank of India RTGS form is a document used to process Real-Time Gross Settlement transfers, where money moves immediately and securely. Think of it like an express highway for funds, no traffic, no delays, just direct and fast movement to the destination.

Last month, I had to send a high-value payment urgently, and using the Central Bank of India RTGS form made everything surprisingly easy. I filled in the details, submitted it online, and the amount reached the receiver instantly without any confusion or waiting.

What is the Central Bank of India RTGS form?

The Central Bank of India RTGS form is used for transferring funds offline through the Real-Time Gross Settlement (RTGS) system. It requires details such as the remitter’s and beneficiary’s account numbers, IFSC code, and transfer amount. Customers can easily download the RTGS form from the official Central Bank of India website or other trusted platforms providing bank forms for convenient fund transfers.

How To Download the Central Bank of India RTGS form?

If you prefer to make an offline RTGS transaction, you can easily download the Central Bank of India RTGS form by following these simple steps:
 

1. Go to the Central Bank of India’s official website: Visit the bank’s homepage using the official URL to ensure safety.
    
2. Navigate to the ‘Downloads’ section: Many times, RTGS and NEFT forms are listed separately in these menus.
    
3. Look for the RTGS/NEFT form link: Different pages may display the forms differently, so check carefully.
    
4. Click on the download icon on the RTGS form page: You’ll usually find the download icon in the top-right corner.
    
5. Select the ‘Save’ option: This stores the RTGS form in your device’s folder or drive for future use.
    
6. Verify the form version: Make sure you are downloading the most recent and official version to avoid outdated or incorrect formats.
    
7. Print the saved form: Once printed, fill in all required details like beneficiary name, account number, amount, IFSC, and your signature.
    
8. Submit the filled form at your nearest branch: Visit any Central Bank of India branch, submit the form, and complete your RTGS transaction securely.

Once downloaded, you can print the form, fill in the required details, and submit it at your nearest Central Bank of India branch to complete your RTGS transaction.

How To Fill the Central Bank of India RTGS form?

If you wish to make a high-value transfer through RTGS at the Central Bank of India, you’ll need to fill out the RTGS form carefully to ensure a smooth and error-free transaction. Follow the steps below to complete the process correctly:

Step 1: Get the form
Obtain the RTGS form from your nearest Central Bank of India branch or download it from the official website.

Step 2: Fill in your details

• Date and Branch Name: Mention the current date and your bank branch name.
• Applicant/Remitter Details:
  • Your Name: Enter your full name.
  • Account Number: Provide the account number from which the funds will be transferred.
  • Type of Account: Specify the account type, such as Savings (HSS) or Current (CD).
  • Customer ID: Mention your Customer ID, if available.
  • Address and Contact Information: Include your full address, mobile number, and email ID.

Step 3: Fill in the beneficiary’s details

• Beneficiary Name: Write the full name of the person or organisation receiving the funds.
• Beneficiary Account Number: Enter the correct account number. Double-check this to avoid transfer errors.
• Beneficiary Bank and Branch: Mention the name and address of the beneficiary’s bank and branch.
• IFSC Code: Provide the beneficiary bank’s IFSC code to ensure accurate routing of funds.

Step 4: Specify the transfer amount

• Amount in Figures: Write the exact amount you wish to transfer in numbers.
• Amount in Words: Repeat the same amount in words for verification purposes.

Step 5: Sign and submit the form

• Sign: Sign in the designated area to authorise the transaction.
• Submit: Submit the completed form at the bank counter along with a cheque or cash (as applicable).

Step 6: Keep confirmation
Once the transaction is processed, the bank will give you a confirmation slip containing the transaction reference number. Keep this slip safely as proof of the RTGS transfer.

By following these steps carefully, you can complete your RTGS transaction securely and ensure that the funds are credited promptly to the beneficiary’s account.

Required Documents for the Central Bank of India RTGS form?

When filling out the Central Bank of India RTGS form, you don’t need to attach any extra documents. However, it’s very important to enter all the required details correctly to ensure your transaction is processed smoothly and without delay.

Remitter’s Information:

• Your full name and the account number from which the amount will be debited.
• The IFSC code of your bank branch.
• Your contact number and customer ID, if applicable.

Beneficiary’s Information:

• The full name of the beneficiary (individual or organisation).
• The beneficiary’s account number.
• The name and branch of the beneficiary’s bank.
• The beneficiary bank’s IFSC code.

Transaction Details:

• The exact amount to be transferred.
• The purpose or reason for the fund transfer.

Once you have entered all these details, review the form carefully, sign it, and submit it at the bank counter. This ensures the transaction is processed efficiently and credited to the correct beneficiary account.

Central Bank of India RTGS Charges

The Central Bank of India has set specific NEFT and RTGS charges based on the mode of transaction and transfer amount. These charges vary for branch-based and digital transactions, ensuring flexibility and affordability for customers.

RTGS Charges (Branch Interface)  Effective from 01/07/2019
 

NEFT/RTGS Charges for Digital Mode (Net Banking/Mobile Banking, etc.)  Effective from 01/07/2019
 

NEFT Charges for Digital Mode (Savings Bank Account Holders) – Effective from 01/01/2020
 

These revised charges highlight the Central Bank of India’s initiative to promote digital banking by offering zero fees for NEFT transactions made through online channels, encouraging customers to adopt convenient and cost-effective digital payment modes.

Central Bank of India RTGS Timings

The Central Bank of India offers flexible RTGS transaction options for both online and branch customers, ensuring convenience and accessibility for all users. While online transfers operate round the clock, branch-based RTGS follows defined banking hours.

Online RTGS

• Availability: 24 hours a day, 7 days a week, 365 days a year.
• Note: The system is continuously available, though brief maintenance periods may temporarily pause processing.

Branch RTGS

• Weekdays: 8:00 AM to 4:15 PM (for customer transactions).
• Inter-bank final cut-off: 7:30 PM (weekdays).
• Saturdays: Services are available on the 1st, 3rd, and 5th Saturdays, subject to specific branch timings.
• Sundays and 2nd/4th Saturdays: Closed. RTGS transactions cannot be done through branches.

By understanding these timings, customers can plan their RTGS transactions efficiently, using online platforms for instant 24/7 transfers or visiting their nearest branch during operational hours for in-person assistance.

Conclusion 

The Central Bank of India RTGS form is a reliable option for transferring high-value funds instantly and safely. It offers flexibility through both branch and online channels, ensuring convenience for every customer. With low or zero charges for digital transactions, it encourages users to choose faster, paperless banking methods, making fund transfers easier, quicker, and more secure than ever before.

FAQs

Q1: How can I do RTGS through the bank without a cheque and get the amount debited directly from my account?

You can visit your bank branch, fill out the RTGS form, authorise a debit from your account, and the bank will process the transfer without needing a cheque.

Q2: Will withdrawing around ₹20 lakh in cash for a property purchase trigger Income Tax surveillance?

Yes, large cash withdrawals can be flagged, and the IT department may seek an explanation, so keep all source and payment documents ready.

Q3: How does RTGS work in banking, and what makes it better than other fund-transfer methods?

A: RTGS settles high-value payments instantly and individually in real time, offering faster, safer, and more reliable transfers compared to delayed or batch-based payment methods.

Q4: What is the procedure of RTGS?

You fill an RTGS form, provide beneficiary details, authorise account debit, and the bank processes the high-value transfer instantly through the RTGS system.

Q5: Why does RTGS take more time sometimes?

RTGS may take longer due to bank verification, server delays, or congestion in the payment processing system.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.